The U.S. Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt and labor costs while reaching reach an alliance with Italy's Fiat SpA, sources said Wednesday.
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The U.S. Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt and labor costs while reaching reach an alliance with Italy's Fiat SpA, sources said Wednesday.
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Fiat S.p.A. today denied a declaration by a member of an Italian union that the automaker's proposed deal with Chrysler LLC is "90 percent done." In a statement, Fiat said: "No agreement has been concluded between Chrysler and trade unions in the U.
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Fiat S.p.A. today denied a declaration by a member of an Italian union that the automaker's proposed deal with Chrysler LLC is "90 percent done." In a statement, Fiat said: "No agreement has been concluded between Chrysler and trade unions in the U.
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Fiat is "totally focused" on reaching a deal with Chrysler, a well-placed source has said, even though top executives have said there are alternatives.
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In a sign of more sprightly orders, Fiat has cancelled temporary layoffs for workers at its Mirafiori plant near Turin.
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Chrysler LLC's lenders have offered to take equity in a restructured automaker allied with Fiat SpA in exchange for writing off about 35 percent of the $7 billion they are owed, according to people with knowledge of the closed-door talks.
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Italy Prime Minister Silvio Berlusconi said today he backs a possible Fiat-Chrysler alliance.
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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say.
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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say.
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Fiat Group's first-quarter financial results will show a 70-million euro ($90.5 million) trading loss compared with 766-million euro ($990 million) profit a year earlier, analysts say.
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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an...
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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an...
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Fiat chief executive Sergio Marchionne is back in the United States for talks as pressure builds to agree a partnership with Chrysler before 30 April, sources said on Monday.
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Fiat's CEO has returned to the United States for talks as pressure builds to seal a partnership deal with Chrysler LLC before the end of the month, sources at the Italian car maker said today.
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Fiat may form an alliance with General Motors' core operations in Europe and Latin America, a source familiar with the matter told Automotive News on Friday.
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Chrysler may shift minivan production out of its Windsor, Ontario, plant, where it has built the iconic vehicles for a quarter century, and produce small Fiat models there instead. As Fiat S.p.A.
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Fiat may form an alliance with General Motors' core operations in Europe and Latin America, a source familiar with the matter told Automotive News on Friday.
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Fiat may form an alliance with General Motors' core operations in Europe and Latin America, a source familiar with the matter told Automotive News today.
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The make up of Chrysler's future board will be determined by the US government and Fiat, were the Italian automaker successful in its plans to merge with its rival.
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